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Updated almost 2 years ago on . Most recent reply
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Is less then half (2.5% of a 6%) commission fair for buyers agent?
Before I sign the listing contract to sell our small MF property I'd love to get your opinion. The contract our agent presented has our (sellers) agent getting a 6% commission and a 2.5% for the Buyer's Agent. I thought anything less then a 50% split (=3% in this case) would be disincentive for buyers agents. However our agent says that this % is very standard. "Some do 3% (of a 6% commission)- I've even had deals that were 2% ". Are my concerns legit? that anything less then 50% split will be a disincentive?
Most Popular Reply
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I regularly do not split my commissions equally when Im on the listing side....but I also often have large costs not nessecarily apparent to everyone. I got a listing coming up that's going to cost me $5-7k in marketing/staging and where I also owe a $15k referral fee on.
There's other times though if I got a hard to sell listing, I up the buyer agents commission or offer a bonua and theyll make more than me.
- Russell Brazil
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- Podcast Guest on Show #192
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